[단독] There are no exceptions to the profession… Woori Bank cuts the limit of 50 million won in Matong

Input 2021.01.28 09:36 | Revision 2021.01.28 09:56

Woori Bank, which recently reduced the maximum limit for non-face-to-face negative bankbook products from 100 million won to 50 million won, is also reducing the limit for the remaining 10 major negative bankbook products to 50 million won. Recently, when the financial authorities reviewed the amortization of credit loans, but announced that they would exclude negative bank accounts, it is interpreted that they began to take preemptive measures, fearing that demand for loans would be driven to negative bank accounts.

According to the financial sector on the 28th, Woori Bank lowered the maximum limit for negative bankbooks currently in operation to 50 million won. The targets are 10 major products such as’Woori Stock Trader Loan (existing KRW 100 million)’,’Woori Special Loan (existing KRW 100 million)’, and’Our First Salary Credit Loan (existing KRW 80 million)’. In particular, Woori Specialon is a product targeting doctors, legal professionals, and professionals. The reduced ceiling applies only to new applications and increases the limit, and will take effect on the 29th.

Earlier, on the 7th, Woori Bank started selling the non-face-to-face credit loan’WON’s Office Worker Loan’ which was discontinued last year. However, the limit for negative bankbooks for this product has been lowered from 100 million won to 50 million won. In November last year, the limit was lowered from 200 million won to 100 million won, but this time the limit was further reduced by restarting sales.

Not only Woori Bank but also other banks are adjusting negative bankbook limits and interest rates. Since the 22nd, Kakao Bank has reduced the maximum limit of negative bankbooks for high-credit office workers from 150 million won to 100 million won. Suhyup Bank has completely stopped new loans from negative bankbooks among the products of’Sh The Dream Credit Loan’. From this day on, K-Bank raised the interest rate on loans for office workers by 0.1 percentage points.

While the boom in demand for credit loans, which started in the second half of last year, continues to persist, banking sector predicts that demand may be driven by negative bankbooks. Recently, the financial authorities announced that they would consider introducing installment repayment to credit loans to curb household loans, but negative bank accounts were excluded from the amortized repayment. The reason is that the concept of amortization cannot be applied as much as a limit is set and used when necessary.

A commercial bank official said, “From the moment the financial authorities revealed that the negative bank account was not subject to amortization, the trend was predicted,” he said. “If some banks start reducing their negative bank book, the demand may rush to other banks with high limits. The banking sector as a whole has no choice but to consider additional measures for negative bankbooks.”

According to the five major commercial banks including Shinhan, KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup Bank, the newly created negative bankbooks from the 4th to the 21st were totaled 31,305. It means that over 2,000 new negative bankbooks are created every day. It is twice the size of the average newly opened negative bankbooks (about 1,000) at the end of last year. The negative bank account balance of the five major banks also increased by 6766 billion won to 47,207.6 billion won on the 21st from 46,531 billion won on December 31 last year.